Economic inequality

In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% year-on-year, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%.

The Bulgarian real estate market has seen a notable increase in both prices and transaction volume in the past quarter, according to real estate broker Dimitar Kalajjiev in an interview with Radio "Focus." He highlighted that the current demand for properties surpasses the supply, maintaining strong interest in home purchases.

The Municipality of Aegaleo in western Athens is set to renovate up to 10 aging apartment buildings, fully funded by the European Union through the "Rock the Block" initiative. 

The pilot project, part of the European Urban initiative Innovative Action, aims to upgrade deteriorating housing stock while ensuring affordable living conditions for residents. 

Greeks nowadays buy older and more expensive homes, compared to the previous high of the real estate market, in 2008.

The sharp increase in rental prices seems to have already absorbed the government’s latest efforts to solve the housing problem.

The development of private education further intensifies the need to upgrade free education.

Economic stability and ever-growing tourism are set to see the local real estate market maintain its growth in the next few months, while the main problem in the sector is the shortage of affordable housing, according to report on the Greek realty market by the American-Hellenic Chamber of Commerce released on Wednesday.

Having already moved high and upwards in the last two years, the prices of holiday homes in Greece are expected to continue their upward trend in the coming period, as a result of high demand from abroad.

Is there a property bubble forming in Bulgaria? Predicting such market phenomena is notoriously tricky, often resembling guesswork more than science, especially in a country like Bulgaria, where market unpredictability reigns even after 35 years of market reforms.

New data suggest that the outlook in the housing market may be changing in favor of tenants and potential homebuyers as the pace of rise in rents and home prices slows down across Türkiye, including the country's three largest cities.

In some provinces, rents reversed course and started declining, even though the drop is rather limited.